Canada to Open First Refinery in Decades in Glutted Fuel Market
by Bloomberg
|
Robert Tuttle | Tuesday, May 30, 2017 | 8:48 AM EST
It seemed like a good idea at the time.
That said, the refinery probably isn’t worth the money, Auers said.
“They are paying $9 billion to build that plant and its only processing 50,000 barrels a day of bitumen,” he said. “It was not good investment by the crown.”
To contact the reporter on this story: Robert Tuttle in Calgary at rtuttle@bloomberg.net.
To contact the editors responsible for this story: David Marino at dmarino4@bloomberg.net, Margot Habiby, Carlos Caminada
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